A Walk Down the Fairway of Value Added Tax

A Walk Down the Fairway of Value Added Tax

A Practical Guide to Vat for Golf Clubs

This book is intended as a guide to the basic rules of VAT as they affect golf clubs for club secretaries, treasurers, finance committee chairmen and accounting practices that have golf clubs as their clients. The third edition includes a new chapter to cover claims  for overpaid VAT the consequences of the Bridport and West Dorset Golf Club case and new HMRC guidance.

Category: Tax
Series: VAT Guides
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This is a timely update of Ian Fleming’s invaluable guide, first published in 2006.

For anyone involved in the administration of golf clubs, and in particular with their finances, grappling with VAT has been a thorny issue ever since it was introduced in the UK in 1973.

This book explains the basic rules of VAT as they affect golf clubs. Written for club secretaries, treasurers, finance committee chairmen and accounting practices that have golf clubs as their clients, it highlights many of the most common problems likely to arise in the context of VAT. The author offers practical advice, such as how to avoid an unexpected VAT bill on a refurbishment of the clubhouse.

With this book as a reference, it will be easier to avoid the many VAT "bunkers" which can create unwelcome and costly traps for golf clubs.

The third edition includes a new chapter to cover the consequences of the Bridport and West Dorset Golf Club case and new HMRC guidance.

This book is intended as a guide to the basic rules of VAT as they affect golf clubs for club secretaries, treasurers, finance committee chairmen and accounting practices that have golf clubs as their clients. The third edition includes a new chapter to cover claims  for overpaid VAT the consequences of the Bridport and West Dorset Golf Club case and new HMRC guidance.

CONTENTS

FOREWORD

CHAPTER 1: THE STANCE

The Status of Golf Clubs

CHAPTER 2: THE GRIP

The VAT Exemption for competition and entry fees

CHAPTER 3: THE RULES OF GOLF

The VAT Exemption for Sport and Physical Recreation

CHAPTER 4: A BIRDIE OR AN EAGLE

1990 Refunds of VAT

CHAPTER 5: BUNKER PLAY

Partial Exemption

CHAPTER 6: DRIVER OR A NINE IRON

VAT Liability – taxable or exempt?

CHAPTER 7: THE HANDICAP SYSTEM

The VAT Legislation and liability of fees

CHAPTER 8: MIXED FOURSOMES

Attribution of input tax to taxable supplies – some specific examples of club expenditure

CHAPTER 9: LOCAL RULES

Less common VAT rules

CHAPTER 10:  AN 18 HOLE PLAY-OFF

Recent decisions of the Courts and Tribunal that materially affect accounting for VAT by members’ clubs

CHAPTER 11:        MATCH PLAY – FINAL ROUND

Submission of claims for overpaid VAT

CHAPTER 12: A VISIT FROM THE ROYAL AND ANCIENT GOLF CLUB

How to deal with a VAT inspection

CONCLUSION

APPENDIX A: Legislation Extracts

EC 6th Directive, Article 13

VATA 1994

Income and Corporation Taxes Act 1988 s. 839.

APPENDIX B: HMRC notices

Customs & Excise Business Brief 3/96

HM Revenue & Customs Budget Notice BN 78 dated 12th March 2008

Revenue & Customs Brief 30/11

APPENDIX C: Golf Club VAT cases

EU Legislation

Whether or not a non-profit making body

Recovery of input tax

VAT liability of income

Different classes of membership

Miscellaneous

Default Surcharge Assessments

Index

Imprint
Spiramus Press
Publisher
Spiramus Press
Language
English
Product Format
Paperback
Publication Date
25 Feb 2013
Number of Pages
100
ISBN
9781907444753
Edition
3
Product Format
PDF
Publication Date
14 Feb 2013
Number of Pages
100
ISBN
9781907444937
Edition
3